A cheap tournament whose prize is a seat in a bigger event.
A satellite is a low buy-in tournament that pays out entries to a larger event instead of cash. Satellite strategy is unique: once a seat is secured, extra chips are worth almost nothing.
A bluff with a draw — you can win by folding them out or by hitting.
A semi-bluff is a bluff made with a hand that has real outs. Even if the opponent calls, you can still win by completing your draw. It is the most profitable form of bluffing in No-Limit Hold'em.
Three of a kind made from a pocket pair plus one board card.
A set is three of a kind made with a pocket pair and one matching card on the board. Sets are extremely well disguised, which is exactly why they win such large pots.
A stack small relative to the blinds, usually under 30 BB.
A short stack holds few big blinds — typically under 30 BB in tournaments. Short-stack strategy is simpler and more push/fold oriented: fewer postflop decisions, more preflop all-ins.
The end of the hand — remaining players reveal their cards.
Showdown is the moment after the final betting round when the remaining players reveal their hole cards. The highest hand by the standard poker ranking wins the pot.
A separate pot created when one player is all-in for less.
A side pot is created when a player is all-in for less than the other players' bets. The all-in player can only win the main pot, while the remaining players keep contesting the side pot.
A short tournament that starts as soon as the seats fill up.
A Sit & Go is a short tournament format that begins the moment the required number of players (usually 6 or 9) registers. Most SNGs finish within an hour or two.
Underplaying a monster hand to keep opponents in the pot.
Slow playing means checking or calling with a very strong hand instead of betting, to disguise its strength and induce action. It is correct only on boards where your opponent cannot cheaply outdraw you.
A smaller forced bet, usually half the big blind, posted left of the dealer.
The small blind is a forced bet posted by the player directly to the left of the dealer button, usually half the size of the big blind. The SB is the hardest seat at the table: it acts first on every postflop street.
A big 3-bet against an opener plus one or more callers.
A squeeze is a 3-bet made after someone opened and one or more players called. The original raiser must act with callers still behind them, so both are "squeezed" and fold far more often than usual.
The pile of chips a player has on the table.
Your stack is the total number of chips you have in play. In tournaments stacks are measured in big blinds: a "40BB stack" means 40 times the current big blind.
A voluntary blind bet, usually double the BB, posted before the deal.
A straddle is a voluntary blind bet, normally twice the big blind, posted before the cards are dealt. The straddler acts last preflop. Straddling inflates the pot and the variance and is rarely mathematically profitable.
Example: A 1/2 table with a 4 straddle effectively doubles every opening size.
Five cards in consecutive rank, of any suits.
A straight is five cards in consecutive rank order (for example 6-7-8-9-T), not necessarily of the same suit. The ace plays both high (T-J-Q-K-A) and low (A-2-3-4-5, the "wheel").